Banking & Insurance
Treasury rejects all bids for P30B bonds to cap rate rise
The Bureau of the Treasury rejected all bids at the auction Tuesday of treasury bonds, which were originally issued as five-year debt due January 2029 at a coupon rate of 6.125 percent.
Twice as much depositors use Maya Bank app in 2023
Maya Bank Inc., the fintech arm of PLDT Inc., on Tuesday reported doubling its depositors to 3 million last year, its deposits totaling P25 billion or 69 percent more than previous.
Equities fall, yields jump after data and Powell comments
Shares on Wall Street and in Europe fell on Monday and government bond yields jumped as traders amended their expectations of a near-term U.S. interest rate cut.
Treasury allows slight yield rise; P15B offer awarded in full
The Bureau of the Treasury has awarded the entire P15 billion of treasury bills it offered at the auction Monday, allowing yields to only creep up slightly.
Land Bank channeled P755 billion of portfolio into agri endeavors in 2023
The Land Bank of the Philippines on Monday reported extending loans totaling P755.1 billion that benefited the agriculture sector in 2023.
